Common Size Balance Sheet Preparation1. Prepare a common size balance sheet for the current and past year using the template I have provided for Bed Bath and Beyond Inc. and Pier 1 Imports, Inc. Express each item on the balance sheet as a percent of total assets using cell referencing. Please note that the first worksheet is for Bed Bath and Beyond Inc. and the 2nd worksheet is for Pier 1 Imports. You can use page 4-40 as a m...
Capital Budgeting TechniquesSince LSUS corporation is producing at full capacity, Amanda has decided to have Han examine the feasibility of a new manufacturing plant. This expansion would represent a major capital outlay for the company. A preliminary analysis of the project has been conducted at a cost of $1.6 million. This analysis determined that the new plant will require an immediate outlay of $54 million and an additional outlay of $31...
Third Party Relationships and Sources of InformationProvide a description of items you recommend the audit firm research concerning Marco relationships with third parties including: ? customers, ? vendors, ? financial institutions, and ? legal counsel that would be relevant to assess audit risk. Include possible sources of information for each third party and where you would expect to find the information. Further, include a brief d...
Company InformationProvide the URL address of each of 10-K reports at the SEC EDGAR website and give the state the company is incorporated in for each of the companies. 2. Summarize the company’s business operations as discussed in the beginning of the company’s 10-K in Item 1 for each company. Provide the page number(s) for each of the 10-Ks you are using to support your response. 3. What are the to...
Industry Analysis and Economic Forecasts for Proposed BusinessDescribe a product that you will like to manufacture. Provide an overview about the proposed business including its competitors, the industry in which it will operate and target customers. Read and summarize a recent article about the industry or economic conditions in the country or economic forecasts. Discuss how the subject matter of the article may affect the business with respect...
Developing Financial Statements1.Financial Statements: Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet as of the end of 20XX based on the data provided below for year 20XX. All sales are collected when the sale is made and all expenses are paid when the expense is incurred. Explain the purpose of each financial statement. a.Income Statement Data for 20XX: Units produced and sold = 420 Sales ($80 p...
Explanation of Expected Litigation Gain DeductionThe purpose of this assignment is to analyze liabilities when making business decisions. Read Case Study 13-1 "Accounting for Contingent Assets: The Case of Cardinal Health," from Chapter 13 in the textbook. see highlighted textbook to be used for this assignment below. In a 250-500 word executive summary to the Cardinal Health CEO, address the following. 1.Explain the justification that coul...
Requirements for Financial AnalysisSelect two companies in the same industry that are publicly traded in a US stock market (ex: NYSE). It must be companies that sell inventory. You will need to use their financial statements for the two most recent fiscal years. They must be obtained from their 10-K filing with the SEC (sec.gov). The project is due the last week of class. 1.Using Excel, prepare common size financial statements for bot...
Transactions and EventsDon Company experienced the following transactions and events during December 2019. The company uses allowance method to account for uncollectible receivables. (1) On 1 December, the company paid $4,800 for a 2-year fire insurance coverage which commenced immediately. (2) On 1 December, the company took a bank loan of $300,000. The interest is 4% per annum payable annually.(3) On 10 December, the company wrote off $10,000 ...
Calculating the Net Present Value of ADW Co's Planned PurchaseADW Co is a listed company which plans to meet increased demand for its products by buying new machinery costing £5 million. The machinery would last for four years, at the end of which it would be replaced. The scrap value of the machinery is expected to be 5% of the initial cost. Capital allowances would be available on the cost of the machinery on a 25% reducing balance...
Focus Drilling Supplies has been growing steadily over the last 20 years. With increased exploration in the mining sector, the company has decided to expand their facilities for supplies and custom drill bit production to meet the increased demand. The expansion will occur over 4 years and is expected to require $2.8 million. Management has developed a payment plan for carrying out this expansion. The plan requires a cash input o...
Relationship of Assignment to Learning OutcomesTask: Relationship of Assignment to Learning Outcomes (Refer Course Guide). L.O. 2. Demonstrate knowledge of generally accepted accounting practices.Although these are projected statements, they are prepared on the same basis as historical statements. Some of the transactions will help you understand the impact of accounting policies such as depreciation and accrual accounting with the latter espec...
Part 1: Financial Analysis of Unilever Plc's Group Financial StatementsYou are required to produce an individual report based on your own independent work.Part 1 You are required to produce a financial analysis of Unilever plc group financial statements. For both the years 2015 and 2016. This analysis should assess the absolute level of and changes in profitability and financial gearing of the group. Comparisons to relevant peer companies and t...
Question 1Question: 1 Ethical behaviour is the catalyst to keeps the economy running. Without ethics, there is no efficiency of operation in the economy. Therefore, for the good of everyone, including profit-making companies, it is vitally important that business be conducted within an ethical framework that builds and sustains trust. The following is the situation you need to analyze:As a human resources department executive in a p...
1.0 Define what is management accounting and explain the differences between Management accounting and financial accounting. 2.0 Define and explain what is a Break Even Point using a graph. 3.0 Giant Ltd specializes in manufacturing different models of mountain bikes. Assume that a new model, the Jaguar, has been well accepted. As a result, the entity has established a separate...